I think the market senses something good going on. On the one hand, the feeling is that the economy is starting to show signs of improvement. But there are plenty of skeptics around who say that feeling may be a little premature, and they are selling on strength,
It's OK to buy on the dips but it's not OK to commit much money at this time, but we are seeing signs of stability.
It's not necessarily a sign of good things to come. But it's a rally from a deeply oversold condition so it raises hopes that there may be some follow through, ... We're not yet in the midst of rally that shows signs it is sustainable.
There seems to be those who believe that there are more and more signs that the economy is shaking off its slump,
For the moment it's a blue-chip gain, ... The economy is showing signs of improving, but techs are still lagging. So there's more safety for investors in blue chips.